Fremantle and Port Adelaide have officially reached an agreement to swap draft selections; representing the first deal of this year's trade period.

The Power needs all the trading capital it can afford this off-season, as it looks to acquire Geelong's Esava Ratugolea, Essendon's Brandon Zerk-Thatcher, Western Bulldogs ruckman Jordon Sweet, and potentially Richmond's Ivan Soldo.

MORE: Full 2023 AFL Draft Order

On Monday, Fremantle dealt its second-rounder -- No. 22 -- and future second-rounder to Port Adelaide in exchange for Port Adelaide's future first-rounder.

According to AFL Media journalist Cal Twomey on Monday afternoon, Pick 22, which will become Pick 23 after Adelaide's Tom Doedee compensation selection, is expected to be used as capital in the Power's hopeful deal with the Cats for Ratugolea.

The deal provides the Dockers with a second first-round pick at next year's draft.

The trade period concludes on Wednesday, October 18 at 7:30 PM (AEDT).